Homeowners Choice Launches Information Technology Division

Fri Apr 12, 2013 8:00am EDT

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TAMPA, Fla., April 12, 2013 (GLOBE NEWSWIRE) -- Homeowners Choice, Inc. (NYSE:HCI) today announced
the launch of its new information technology division called "Exzeo."  According to the company,
the Exzeo division was formed to exploit technologies originally developed in-house for the
company's own use, primarily in its insurance business.  The company said it plans to make
commercial versions of these technologies available to third parties under the "Exzeo" brand. 

"We produced these technologies to optimize the productivity of our own personnel," said
Homeowners Choice Chief Executive Officer Paresh Patel, "but we believe they will enable any
organization to optimize its human capital.  By forming the Exzeo division we intend to give this
technology group its own identity, distinct from our core insurance business, and we hope to
enhance shareholder value," he said.

About Homeowners Choice, Inc.

Homeowners Choice, Inc. is a holding company owning subsidiaries engaged in diverse business
activities, including property and casualty insurance, information technology, real estate and
reinsurance. The company's largest subsidiary, Homeowners Choice Property & Casualty Insurance
Company, Inc., is a leading provider of property and casualty insurance in the state of Florida.

The company's common shares trade on the New York Stock Exchange under the ticker symbol "HCI" and
are included in the Russell 2000 Index. Its 8% Senior Notes trade on the New York Stock Exchange
under the ticker symbol "HCJ." Its 7% Series A, cumulative redeemable preferred shares trade on
the NASDAQ Capital Market under the ticker symbol "HCIIP." For more information about Homeowners
Choice, visit www.hcigroup.com

CONTACT: Company Contact:
         Jay Madhu, Vice President of Investor Relations
         Homeowners Choice, Inc.
         Tel (813) 405-3660
         Investor Relations Contact:
         Matt Glover or Michael Koehler
         Liolios Group, Inc.
         Tel (949) 574-3860